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Willis to Open Financial Solutions Office in Hong Kong.

Willis Group Holdings (NYSE: WSH), the global risk advisor, insurance and reinsurance broker, today announced the appointment of Les Collett to establish a Financial Solutions office in Hong Kong. His appointment is effective from October 1, 2013.

Collett joins Willis from Standard Bank in Hong Kong where he is currently Head of Loan Syndications, Global Markets Asia. He is an experienced banker and has held senior positions in London prior to moving to Hong Kong in January 2007.

Commenting on the appointment, Paul Davidson, CEO of Willis Financial Solutions, said: "Les will continue the successful development of our political and trade credit risk practice in Asia. We already have a leading position in the region from our existing operations in Singapore. The continued expansion and development of international trade in Asia presents significant opportunities for our clients, as well as regulatory capital management challenges. Les has deep knowledge of the commodities industry and banking sector and will enable us to enhance our market-leading advice and insurance solutions for clients."